A Negative Externality Can Be Internalized

question 107

Multiple Choice

A negative externality can be internalized

• A)by persuasion, the imposition of a tax, the assignment of property rights, or a voluntary agreement.
• B)only by the imposition of a tax.
• C)only by persuasion or the assignment of property rights.
• D)only by a voluntary agreement.

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Definitions:

Criminal Justice System

The network of courts, law enforcement, and correctional institutions involved in the enforcement of laws and the punishment of offenders.

Ethical Pluralism

The acceptance that multiple ethical systems or theories can coexist and may all offer valuable insights into moral dilemmas.

Ethical Relativism

The belief that morality is relative to the norms of one's culture and that there are no universal moral principles applicable to all cultures.

Moral Absolutes

Ethical beliefs that certain actions are universally right or wrong, regardless of the context or situation.